August 24, 2011
New Brunswick town nets $1.2-million loan
RICHIBUCTO, N.B.
The Town of Richibucto has been approved for a low-cost $1.2 million infrastructure loan from the Canada Mortgage and Housing Corporation’s Municipal Infrastructure Lending Program.
The loan is being used to upgrade the town’s firehall. Canada’s Economic Action Plan provided $2 billion over two years in direct low-cost loans to municipalities. These low-cost loans were also used by municipalities to fund their contribution for cost-shared federal infrastructure programming.
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